Excellent suggestion, I like that very much. Thank you.
Now that I study it a minute I realize that I tangled with one of these years ago.
IH Pick-ups and Travelall's had dual tanks as a rule. Used a cable control valve to change tanks, are you remembering this???
Pulled knob on dash to change tanks, twisted the knob to change the gauge.
After the cable controlled valve failed me a couple of times (nothing like sitting beside the road because you can't draw any gas out of the full tank

) I purchased a valve similar to or the same as the one that you have suggested and wired the gauge and valve to a 6 post toggle switch.
Worked great and I don't recall having any trouble with it ever.
Hadn't thought about applying it to a diesel.
Mike.